Condensed Consolidating Financial Statements (Tables)

6 Months Ended

Jun. 30, 2011

Condensed Consolidating Financial Statements (Tables) [Abstract]

Statements Of Income

Condensed Consolidating Statement of Income

						Other
						consolidating					Consolidated
(in millions)	Parent			WFFI		subsidiaries		Eliminations			Company
Quarter ended June 30, 2011
Dividends from subsidiaries:
Bank	$	3,103			-		-		(3,103	)		-
Nonbank		88			-		-		(88	)		-
Interest income from loans		-			551		8,886		(76	)		9,361
Interest income from subsidiaries		235			-		-		(235	)		-
Other interest income		57			28		2,938		-			3,023
Total interest income		3,483			579		11,824		(3,502	)		12,384
Deposits		-			-		594		-			594
Short-term borrowings		60			16		124		(180	)		20
Long-term debt		639			142		359		(131	)		1,009
Other interest expense		2			-		81		-			83
Total interest expense		701			158		1,158		(311	)		1,706
Net interest income		2,782			421		10,666		(3,191	)		10,678
Provision for credit losses		-			180		1,658		-			1,838
Net interest income after provision for credit losses		2,782			241		9,008		(3,191	)		8,840
Noninterest income
Fee income — nonaffiliates		-			24		6,020		-			6,044
Other		87			26		3,709		(158	)		3,664
Total noninterest income		87			50		9,729		(158	)		9,708
Noninterest expense
Salaries and benefits		(165	)		23		7,061		-			6,919
Other		(218	)		155		5,777		(158	)		5,556
Total noninterest expense		(383	)		178		12,838		(158	)		12,475
Income (loss) before income tax expense (benefit) and
equity in undistributed income of subsidiaries		3,252			113		5,899		(3,191	)		6,073
Income tax expense (benefit)		(30	)		26		2,005		-			2,001
Equity in undistributed income of subsidiaries		666			-		-		(666	)		-
Net income (loss) before noncontrolling interests		3,948			87		3,894		(3,857	)		4,072
Less: Net income from noncontrolling interests		-			-		124		-			124
Parent, WFFI, Other and Wells Fargo net income (loss)	$	3,948			87		3,770		(3,857	)		3,948
Quarter ended June 30, 2010
Dividends from subsidiaries:
Bank	$	5,975			-		-		(5,975	)		-
Nonbank		15			-		-		(15	)		-
Interest income from loans		-			693		9,622		(38	)		10,277
Interest income from subsidiaries		302			-		9		(311	)		-
Other interest income		86			30		3,079		-			3,195
Total interest income		6,378			723		12,710		(6,339	)		13,472
Deposits		-			-		714		-			714
Short-term borrowings		21			11		93		(104	)		21
Long-term debt		729			260		489		(245	)		1,233
Other interest expense		1			-		54		-			55
Total interest expense		751			271		1,350		(349	)		2,023
Net interest income		5,627			452		11,360		(5,990	)		11,449
Provision for credit losses		-			198		3,791		-			3,989
Net interest income after provision for credit losses		5,627			254		7,569		(5,990	)		7,460
Noninterest income
Fee income — nonaffiliates		-			26		6,027		-			6,053
Other		171			29		3,880		(188	)		3,892
Total noninterest income		171			55		9,907		(188	)		9,945
Noninterest expense
Salaries and benefits		(17	)		26		6,843		-			6,852
Other		207			210		5,665		(188	)		5,894
Total noninterest expense		190			236		12,508		(188	)		12,746
Income (loss) before income tax expense (benefit) and
equity in undistributed income of subsidiaries		5,608			73		4,968		(5,990	)		4,659
Income tax expense (benefit)		(118	)		26		1,606		-			1,514
Equity in undistributed income of subsidiaries		(2,664	)		-		-		2,664			-
Net income (loss) before noncontrolling interests		3,062			47		3,362		(3,326	)		3,145
Less: Net income from noncontrolling interests		-			-		83		-			83
Parent, WFFI, Other and Wells Fargo net income (loss)	$	3,062			47		3,279		(3,326	)		3,062

Condensed Consolidating Statements of Income

						Other
						consolidating					Consolidated
(in millions)	Parent			WFFI		subsidiaries		Eliminations			Company
Six months ended June 30, 2011
Dividends from subsidiaries:
Bank	$	4,695			-		-		(4,695	)		-
Nonbank		88			-		-		(88	)		-
Interest income from loans		-			1,129		17,818		(199	)		18,748
Interest income from subsidiaries		543			-		-		(543	)		-
Other interest income		105			57		5,946		-			6,108
Total interest income		5,431			1,186		23,764		(5,525	)		24,856
Deposits		-			-		1,209		-			1,209
Short-term borrowings		165			31		311		(461	)		46
Long-term debt		1,333			309		752		(281	)		2,113
Other interest expense		3			-		156		-			159
Total interest expense		1,501			340		2,428		(742	)		3,527
Net interest income		3,930			846		21,336		(4,783	)		21,329
Provision for credit losses		-			427		3,621		-			4,048
Net interest income after provision for credit losses		3,930			419		17,715		(4,783	)		17,281
Noninterest income
Fee income — nonaffiliates		-			52		11,866		-			11,918
Other		84			50		7,648		(314	)		7,468
Total noninterest income		84			102		19,514		(314	)		19,386
Noninterest expense
Salaries and benefits		25			50		14,037		-			14,112
Other		(65	)		300		11,175		(314	)		11,096
Total noninterest expense		(40	)		350		25,212		(314	)		25,208
Income (loss) before income tax expense (benefit) and
equity in undistributed income of subsidiaries		4,054			171		12,017		(4,783	)		11,459
Income tax expense (benefit)		(464	)		41		3,996		-			3,573
Equity in undistributed income of subsidiaries		3,189			-		-		(3,189	)		-
Net income (loss) before noncontrolling interests		7,707			130		8,021		(7,972	)		7,886
Less: Net income from noncontrolling interests		-			-		179		-			179
Parent, WFFI, Other and Wells Fargo net income (loss)	$	7,707			130		7,842		(7,972	)		7,707
Six months ended June 30, 2010
Dividends from subsidiaries:
Bank	$	5,975			-		-		(5,975	)		-
Nonbank		21			-		-		(21	)		-
Interest income from loans		-			1,419		18,972		(76	)		20,315
Interest income from subsidiaries		650			-		9		(659	)		-
Other interest income		164			60		6,158		-			6,382
Total interest income		6,810			1,479		25,139		(6,731	)		26,697
Deposits		-			-		1,449		-			1,449
Short-term borrowings		44			20		187		(212	)		39
Long-term debt		1,447			547		1,038		(523	)		2,509
Other interest expense		1			-		103		-			104
Total interest expense		1,492			567		2,777		(735	)		4,101
Net interest income		5,318			912		22,362		(5,996	)		22,596
Provision for credit losses		-			519		8,800		-			9,319
Net interest income after provision for credit losses		5,318			393		13,562		(5,996	)		13,277
Noninterest income
Fee income — nonaffiliates		-			54		11,806		-			11,860
Other		382			76		8,267		(339	)		8,386
Total noninterest income		382			130		20,073		(339	)		20,246
Noninterest expense
Salaries and benefits		(50	)		96		13,434		-			13,480
Other		465			357		10,900		(339	)		11,383
Total noninterest expense		415			453		24,334		(339	)		24,863
Income (loss) before income tax expense (benefit) and
equity in undistributed income of subsidiaries		5,285			70		9,301		(5,996	)		8,660
Income tax expense (benefit)		(208	)		25		3,098		-			2,915
Equity in undistributed income of subsidiaries		116			-		-		(116	)		-
Net income (loss) before noncontrolling interests		5,609			45		6,203		(6,112	)		5,745
Less: Net income from noncontrolling interests		-			-		136		-			136
Parent, WFFI, Other and Wells Fargo net income (loss)	$	5,609			45		6,067		(6,112	)		5,609

Balance Sheets

Condensed Consolidating Balance Sheets

						Other
						consolidating						Consolidated
(in millions)	Parent		WFFI			subsidiaries			Eliminations			Company
June 30, 2011
Assets
Cash and cash equivalents due from:
Subsidiary banks	$	28,337		182			-			(28,519	)		-
Nonaffiliates		15		220			112,230			-			112,465
Securities available for sale		11,309		2,835			172,154			-			186,298
Mortgages and loans held for sale		-		-			32,766			-			32,766
Loans		7		28,217			740,790			(17,093	)		751,921
Loans to subsidiaries:
Bank		3,885		-			-			(3,885	)		-
Nonbank		51,764		-			-			(51,764	)		-
Allowance for loan losses		-		(1,565	)		(19,328	)		-			(20,893	)
Net loans		55,656		26,652			721,462			(72,742	)		731,028
Investments in subsidiaries:
Bank		136,657		-			-			(136,657	)		-
Nonbank		15,864		-			-			(15,864	)		-
Other assets		7,512		1,051			190,082			(1,468	)		197,177
Total assets	$	255,350		30,940			1,228,694			(255,250	)		1,259,734
Liabilities and equity
Deposits	$	-		-			882,154			(28,519	)		853,635
Short-term borrowings		872		15,988			85,350			(48,329	)		53,881
Accrued expenses and other liabilities		11,995		1,492			59,411			(1,468	)		71,430
Long-term debt		93,189		11,689			49,514			(11,520	)		142,872
Indebtedness to subsidiaries		12,893		-			-			(12,893	)		-
Total liabilities		118,949		29,169			1,076,429			(102,729	)		1,121,818
Parent, WFFI, Other and Wells Fargo stockholders’ equity		136,401		1,771			150,750			(152,521	)		136,401
Noncontrolling interests		-		-			1,515			-			1,515
Total equity		136,401		1,771			152,265			(152,521	)		137,916
Total liabilities and equity	$	255,350		30,940			1,228,694			(255,250	)		1,259,734
December 31, 2010
Assets
Cash and cash equivalents due from:
Subsidiary banks	$	30,240		154			-			(30,394	)		-
Nonaffiliates		9		212			96,460			-			96,681
Securities available for sale		2,368		2,742			167,544			-			172,654
Mortgages and loans held for sale		-		-			53,053			-			53,053
Loans		7		30,329			742,807			(15,876	)		757,267
Loans to subsidiaries:
Bank		3,885		-			-			(3,885	)		-
Nonbank		53,382		-			-			(53,382	)		-
Allowance for loan losses		-		(1,709	)		(21,313	)		-			(23,022	)
Net loans		57,274		28,620			721,494			(73,143	)		734,245
Investments in subsidiaries:
Bank		133,867		-			-			(133,867	)		-
Nonbank		14,904		-			-			(14,904	)		-
Other assets		8,363		1,316			192,821			(1,005	)		201,495
Total assets	$	247,025		33,044			1,231,372			(253,313	)		1,258,128
Liabilities and equity
Deposits	$	-		-			878,336			(30,394	)		847,942
Short-term borrowings		2,412		14,490			86,523			(48,024	)		55,401
Accrued expenses and other liabilities		6,819		1,685			62,414			(1,005	)		69,913
Long-term debt		99,745		15,240			55,476			(13,478	)		156,983
Indebtedness to subsidiaries		11,641		-			-			(11,641	)		-
Total liabilities		120,617		31,415			1,082,749			(104,542	)		1,130,239
Parent, WFFI, Other and Wells Fargo stockholders’ equity		126,408		1,618			147,153			(148,771	)		126,408
Noncontrolling interests		-		11			1,470			-			1,481
Total equity		126,408		1,629			148,623			(148,771	)		127,889
Total liabilities and equity	$	247,025		33,044			1,231,372			(253,313	)		1,258,128

Statements Of Cash Flows

Condensed Consolidating Statements of Cash Flows

	Six months ended June 30,
	2011												2010
							Other												Other
							consolidating												consolidating
							subsidiaries/			Consolidated									subsidiaries/			Consolidated
(in millions)	Parent			WFFI			eliminations			Company			Parent			WFFI			eliminations			Company
Cash flows from operating activities:
Net cash provided by operating activities	$	7,742			805			20,014			28,561			7,924			1,001			7,929			16,854
Cash flows from investing activities:
Securities available for sale:
Sales proceeds		257			542			18,002			18,801			370			462			3,149			3,981
Prepayments and maturities		-			85			20,994			21,079			-			108			22,633			22,741
Purchases		(4,118	)		(686	)		(40,321	)		(45,125	)		(113	)		(564	)		(10,418	)		(11,095	)
Loans:
Loans originated by banking subsidiaries, net of principal collected		-			(10	)		(5,793	)		(5,803	)		-			95			20,809			20,904
Proceeds from sales (including participations) of loans originated for investment by banking subsidiaries		-			-			3,492			3,492			-			-			3,556			3,556
Purchases (including participations) of loans by banking subsidiaries		-			-			(2,277	)		(2,277	)		-			-			(1,201	)		(1,201	)
Principal collected on nonbank entities’ loans		-			5,455			88			5,543			-			5,574			2,432			8,006
Loans originated by nonbank entities		-			(3,988	)		-			(3,988	)		-			(3,071	)		(2,238	)		(5,309	)
Net repayments from (advances to) subsidiaries		(186	)		25			161			-			(2,004	)		(621	)		2,625			-
Capital notes and term loans made to subsidiaries		(1,340	)		-			1,340			-			-			-			-			-
Principal collected on notes/loans made to subsidiaries		3,178			-			(3,178	)		-			7,046			-			(7,046	)		-
Net decrease (increase) in investment in subsidiaries		(117	)		-			117			-			1,359			-			(1,359	)		-
Other, net		14			37			(2,036	)		(1,985	)		2			(12	)		(29,853	)		(29,863	)
Net cash provided (used) by investing activities		(2,312	)		1,460			(9,411	)		(10,263	)		6,660			1,971			3,089			11,720
Cash flows from financing activities:
Net change in:
Deposits		-			-			5,693			5,693			-			-			(8,395	)		(8,395	)
Short-term borrowings		(432	)		1,497			(2,506	)		(1,441	)		(10	)		2,114			(1,010	)		1,094
Long-term debt:
Proceeds from issuance		3,847			513			2,342			6,702			1,577			-			588			2,165
Repayment		(11,363	)		(4,228	)		(6,100	)		(21,691	)		(13,282	)		(5,126	)		(13,517	)		(31,925	)
Preferred stock:
Proceeds from issuance		2,501			-			-			2,501			-			-			-			-
Cash dividends paid		(404	)		-			-			(404	)		(369	)		-			-			(369	)
Common stock warrants repurchased		-			-			-			-			(540	)		-			-			(540	)
Common stock:
Proceeds from issuance		801			-			-			801			865			-			-			865
Repurchased		(1,072	)		-			-			(1,072	)		(68	)		-			-			(68	)
Cash dividends paid		(1,269	)		-			-			(1,269	)		(520	)		-			-			(520	)
Excess tax benefits related to stock option payments		64			-			-			64			75			-			-			75
Net change in noncontrolling interests		-			(11	)		(156	)		(167	)		-			-			(465	)		(465	)
Net cash used by financing activities		(7,327	)		(2,229	)		(727	)		(10,283	)		(12,272	)		(3,012	)		(22,799	)		(38,083	)
Net change in cash and due from banks		(1,897	)		36			9,876			8,015			2,312			(40	)		(11,781	)		(9,509	)
Cash and due from banks at beginning of period		30,249			366			(14,571	)		16,044			27,314			454			(688	)		27,080
Cash and due from banks at end of period	$	28,352			402			(4,695	)		24,059			29,626			414			(12,469	)		17,571